Central Bank Digital Currencies (CBDCs) are key to the implementation of a technocratic scientific dictatorship because it would create a central control point over all financial transactions. Finally, legislative pushback is emerging to stop the Federal Reserve from creating a digitized dollar. ⁃ TN Editor
House Majority Whip Tom Emmer (R-MN) on Wednesday introduced legislation to prevent the Federal Reserve from issuing a central bank digital currency (CBDC), which he and others say could surveil Americans’ financial activity.
“Today, I introduced the CBDC Anti-Surveillance State Act to halt efforts of unelected bureaucrats in Washington, DC from stripping Americans of their right to financial privacy,” Emmer, a staunch cryptocurrency advocate, wrote.
Today, I introduced the CBDC Anti-Surveillance State Act to halt efforts of unelected bureaucrats in Washington, DC from stripping Americans of their right to financial privacy. 👇 pic.twitter.com/lONbHFZMk7
He continued, “Any digital version of the dollar must uphold our American values of privacy, individual sovereignty, and free market competitiveness. Anything less opens the door to the development of a dangerous surveillance tool.”
Emmer said that the bill would bar the Federal Reserve from issuing a CBDC, prevent the Fed from using a CBDC for monetary policy purposes, and require the Fed’s CBDC projects to be transparent.
CBDCs are digital versions of national fiat currencies that operate on private blockchains.
He noted, “After all, America remains a technological leader not because we force innovations to adopt our values under regulatory duress, but because we allow technology that holds these values at their core to flourish.”
Emmer said that Reps. French Hill (R-AR), Warren Davidson (R-OH), Andy Biggs (R-AZ), Mike Flood (R-NE), Byron Donalds (R-FL), Pete Sessions (R-TX), Barry Loudermilk (R-GA), Young Kim (R-CA), and Ralph Norman (R-SC) cosponsored the bill.
The Fed has said it is “exploring the potential benefits and risks of CBDCs from a variety of angles,” which includes research and experimentation.
Many countries such as Japan, the United Kingdom, and China are exploring how to use a CBDC. Nigeria has been using a digital version of its currency since 2021.
House and Senate Republicans called on the U.S. Olympic Committee to bar athletes from using the digital yuan during the 2022 Beijing Winter Olympics, citing that the Chinese CBDC would lead to increased surveillance of American athletes.
Sen. Marsha Blackburn (R-TN) said that at a Club for Growth tech symposium she sponsored the Say No to the Silk Road Act, which would set new standards and guidelines for the Chinese digital bank currency, or the Digital Yuan.
Many Biden nominees and Democrat lawmakers have pushed for the creation of an American CBDC.
Saule Omarova, Biden’s failed nominee for the Comptroller of the Currency, advocated for the creation of a CBDC, which would grant the federal government immense control over Americans’ money.
A former senior government official told Breitbart News in November 2021, “And, why do they want to do that? Because eventually, they want to be able to decide which transactions to approve and disapprove of. You know, that’s what it’s ultimately all about.”
National Security Agency surveillance (NSA) whistleblower Edward Snowden warned that the creation of CBDCs could annihilate the “savings of every wage-worker in the country.”
Patrick Wood is a leading and critical expert on Sustainable Development, Green Economy, Agenda 21, 2030 Agenda and historic Technocracy. He is the author of Technocracy Rising: The Trojan Horse of Global Transformation (2015) and co-author of Trilaterals Over Washington, Volumes I and II (1978-1980) with the late Antony C. Sutton.
[…] Vůdce Sněmovny reprezentantů Tom Emmer (R-MN) ve středu představil legislativu, která by zabránila Federálnímu rezervnímu systému vydat digitální měnu centrální banky (CBDC), která by podle něj mohla monitorovat finanční aktivity Američanů. […]
gregory alan johnson
February 23, 2023 3:19 pm
Hilarious! Don’t folk know that any currency stored as data in a computer is already “digitized”?
Very true. China cannot take over as any form of becoming the currency for global trade because they are just as broke with all the building of their cities that have no people, creating massive dams that no one needs, and the organization by committee that looks as out of the minds of their fellow of the global Kakistocry. Samuel Clemens “Now what I contend is that my body is my own, at least I have always so regarded it. If I do harm through my experimenting with it, it is I who suffers, not the state.” “Suppose you were… Read more »
What’s even more hilarious is that this clown is a cryptocurrency advocate. And what exactly does digitized have to do with anything? If it were to allow me to transact with cash (something that can’t be traced at the moment wihtout a great amount of OTHER effort), that would be fine. But cryptocurrency isn’t the answer to that. And Edward Snowden, the controlled opps shill being cite is also laughable. Are we to believe that in addition to being the poster child for family and privacy and whatever else that he’s now an expert in CBDC, so much so that… Read more »
If you are saying that I am a cryptocurrency advocate, then you are wrong. I have never advocated crypto. Secondly, if you think this is “hokey” then you don’t get the purpose of Technocracy News & Trends at all. TN posts articles related to Technocracy and Transhumanism, both pro and con.
wpDiscuz
[…] Vůdce Sněmovny reprezentantů Tom Emmer (R-MN) ve středu představil legislativu, která by zabránila Federálnímu rezervnímu systému vydat digitální měnu centrální banky (CBDC), která by podle něj mohla monitorovat finanční aktivity Američanů. […]
Hilarious! Don’t folk know that any currency stored as data in a computer is already “digitized”?
Very true. China cannot take over as any form of becoming the currency for global trade because they are just as broke with all the building of their cities that have no people, creating massive dams that no one needs, and the organization by committee that looks as out of the minds of their fellow of the global Kakistocry. Samuel Clemens “Now what I contend is that my body is my own, at least I have always so regarded it. If I do harm through my experimenting with it, it is I who suffers, not the state.” “Suppose you were… Read more »
What’s even more hilarious is that this clown is a cryptocurrency advocate. And what exactly does digitized have to do with anything? If it were to allow me to transact with cash (something that can’t be traced at the moment wihtout a great amount of OTHER effort), that would be fine. But cryptocurrency isn’t the answer to that. And Edward Snowden, the controlled opps shill being cite is also laughable. Are we to believe that in addition to being the poster child for family and privacy and whatever else that he’s now an expert in CBDC, so much so that… Read more »
If you are saying that I am a cryptocurrency advocate, then you are wrong. I have never advocated crypto. Secondly, if you think this is “hokey” then you don’t get the purpose of Technocracy News & Trends at all. TN posts articles related to Technocracy and Transhumanism, both pro and con.
What ARE you talking about? You sound like an AI capture. No logic. False information.
[…] House Majority Whip Tom Emmer (R-MN) on Wednesday introduced legislation to prevent the Federal Rese… […]
Let’s see what happens.
It says a lot about the criminality of the psychopaths in DC, that you need a special bill to get them to follow the Constitution.
This is soo bass-awkwards!
[…] House Majority Whip Tom Emmer (R-MN) on Wednesday introduced legislation to prevent the Federal Rese… […]
[…] 02/25/2023 Bill Introduced To Ban Fed From Issuing CBDC […]